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ST Engineering eyes more than doubling of Smart City revenue to $2 bil by 2022

PC Lee
PC Lee7/5/2018 04:16 PM GMT+08  • 2 min read
ST Engineering eyes more than doubling of Smart City revenue to $2 bil by 2022
SINGAPORE (July 5): ST Engineering aims to grow its Smart City revenue of $1 billion to more than double by 2022.
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SINGAPORE (July 5): ST Engineering aims to grow its Smart City revenue of $1 billion to more than double by 2022.

The group also plans to grow its core and other business segments with CAGR of 2-3x global GDP growth rate over the next five years, and expects that two-thirds of its revenue growth will be from global markets by 2022.

ST Engineering’s strong order book of $13.4 billion as at end March, providing stability and visibility. Out of this, $3.2 billion is expected to be delivered in the remaining months of April to Dec.

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